What we do Mishtann Foods Ltd is an agri-food company specializing in manufacturing, processing, and trading basmati rice, wheat, food grains, and salt, with strong domestic and international presence. |
Founded in 1,981 |
Market share Dominant player in basmati rice with leading brands like Mishtann Jasper and Emerald, expanding in Middle East and USA markets. |
Problem solved Provides quality processed and packaged basmati rice and food grains meeting diverse consumer and B2B demands with efficient production and distribution. |
Top clients or who we serve Serves B2B and B2C customers, including domestic retailers and international markets such as Middle East and growing US presence. |
Key management Hiteshkumar Gaurishankar Patel, Managing Director, awarded Business Transformation Leaders Award by The Economic Times in 2022. |
Our journey and innovations Started as a trading company in 1992, renamed in 2015, expanded product portfolio and markets, employing state-of-the-art 45 MT/hr processing plant. |
Where we operate India domestic market and export markets including United Arab Emirates and upcoming expansion in the United States and Singapore. |
Top products or what we offer Basmati rice varieties under Mishtann Jasper, Emerald, Ecstasy, Pristino; packaged food grains and salt products. |
Top brands Mishtann Jasper - flagship basmati rice brand with pan-India reach; Emerald and Ecstasy - diversified rice ranges; salt products in 500g to 50 kg packs. |
Raw materials needed Raw agricultural grains such as basmati rice, wheat, other food grains, and salt. |
Raw materials supplier Procured from Indian agriculture producers in basmati and food grains sectors. |
Recurring vs cyclical contribution Revenue is largely recurring through continuous sales to B2B and B2C customers, supported by export orders. |
Our industry position Leading manufacturer and exporter in basmati rice segment with integrated processing and packaging facilities. |
Financial highlights FY 2023-24 consolidated revenue: Rs 1,288 Cr; Net Profit: Rs 346 Cr; Standalone revenue: Rs 322 Cr with Rs 14 Cr net profit. |
Geographical revenue split Major revenue from India with growing contributions from UAE subsidiary; upcoming USA market entry. |
Order book - |
Whats driving growth Product diversification, international expansion (Middle East, USA), advanced processing technology, and strong leadership. |
Our future plans Expand US market presence via subsidiary, consider acquiring established businesses for vertical integration. |
Our green promise - |
Our people and values Strong management ethos focused on quality, innovation, and compliance; policies for inclusion and governance in place. |
Key challenges ahead Managing expansion risks, regulatory compliance, market competition, and operational efficiency at scale. |
Interesting facts Company evolved from cement manufacturing to diversified food processing with advanced end-to-end facilities. |
Risks and strategy Proactively manage regulatory and market risks with strong internal controls and diversified global footprint. |
